Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Of course I realise it! But if this play is as good as Doc says it is why make it difficult for US investors to buy it? TD Ameritrade US won’t hold it, there is no OTC code code. Seems someone at I3E needs to wake up. Even RECAF has an OTC code ( now up 3X by the way since I first mentioned it here btw)
Yup! On its very first well!
Sunrise in Namibia dudes!
https://reconafrica.com/wp-content/uploads/ReconAfrica-Press-Release-041521.pdf
After a message to Ameritrade about the long overdue dividend it was credited today to my account.
I own both I3E and RECAF.
This DD on RECAF as good as Doc’s DD on I3E...
https://www.reddit.com/r/pennystocks/comments/mjzn10/reconafrica_reco_recaf_indepth_research_on_a_high/
As for me I am using the probable upside in I3E to hedge RECAF if it doesn’t pan out...that way I am protecting my overall investment but with the potential of a ton of upside overall...
Can’t ignore what played out with EEENE...
Am I wrong when I surmise that the smartest move the BOD should do AT THIS POINT is declare the maximum feasible dividend, so as to be SIT UP up noticed, and then get yield compression through a commensurate increase in share price. SP has to be a major consideration now to maybe drive further acquisitions...what company wants an insipid share price?
Maybe getting ahead of myself, but is any potential annual dividend likely to be paid in quarterly instalments, and will it be free from Canadian withholding tax (since it is a UK based company)? Thanks.
You are 100% correct! Stupid me! Sometimes I can’t see the forest for the trees! No of shares issued makes no difference because it equalises by getting more shares for the same amount of money if the issued number of share increases...
Well I can put that one to bed! It’s just that a very large share counts have always bothered me...
Hi Maestro. I would like to take this point up with you. Perhaps my logic is wrong, if so, I will have learnt something.
I don't agree that the number of shares issued is irrelevant, and that it all about market cap.
Let me explain myself.
Let’s suppose that I, as an investor, buy 10 shares now into i3E on the basis that not all their assets are valued correctly or even not at all. Suppose at this stage the market cap for the company is $1000.
Let’s look at 2 scenarios, A and B at the point where I buy these 10 shares...
In A, I3E has 1000 shares issued.
In B, I3E has 10 000 shares issued.
Under A, I3E has 1000 shares issued. market cap is $1000, ( = sp of $1/share) so at this point my investment is worth 10 shares @$1/share, ie $10
Under B, I3E has 10000 shares issued, market cap is $1000, ( = sp of $0.1/share) so at this point my investment is worth 10 shares @ 0.1 $, ie $1
Over time the market values the assets correctly and now it places a market cap of $10 000 on the assets.
Under scenario A (1000 shares issued) the price per share is now (10 000/1000) = $10 and my holding is worth $100.
Under scenario B (10000 shares issued) the price per share is now (10 000/10000) = $1 and my holding is worth $10.
So, under scenario A the VALUE of my holding has grown from $10 to $100 and under B it has grown from $1 to $10. Sure, they’re both 10X but it’s the $ value of the holding that counts!
Which would you rather have?
When is a penny stock not a penny stock? ...
https://www.google.co.za/amp/s/www.nytimes.com/2021/03/18/business/penny-stocks-trading.amp.html